Year 2025 - Looking Forward to Change
Here are some of the tax changes for 2025. Keep watching this space for updated tax information:
Taxes • Accounting • Advisory • Assurance
Income Tax Rates for Individuals for Year 2025
| Tax Bracket | Unmarried | Married Filing Jointly | Head of Household | Married Filing Separately |
|---|---|---|---|---|
| 10% | $0-$11,925 | $0-$23,850 | $0-$11,925 | $0-$17,000 |
| 12% | $11,926-$48,475 | $23,851-$96,950 | $11,926-$48,475 | $17,001-$64,850 |
| 22% | $48,476-$103,350 | $96,951-$206,700 | $48,476-$103,350 | $64,851-$103,350 |
| 24% | $103,351-$197,300 | $206,701-$394,600 | $103,351-$197,300 | $103,351-$197,300 |
| 32% | $197,301-$250,525 | $394,601-$501,050 | $197,301-$250,525 | $197,301-$250,500 |
| 35% | $250,526-$626,350 | $501,051-$751,600 | $250,526-$375,800 | $250,501-$626,350 |
| 37% | >$626,351 | >$751,601 | >$375,801 | >$626,351 |
FICA 2025 (6.2%) maximum wage limit increases to $176,100 from $168,600 for 2025, an increase of $7,500 from 2024. There is no Medicare (1.45%) maximum wage limit for 2025. Starting 1/1/2013, a 0.9 percent Additional Medicare Tax applies to all wages that exceed $200,000 ($250,000 for joint return filers and $125,000 for married filing separately filers).
Standard Deduction Amounts for year 2025
- MFJ & Surviving Spouses – $30,000
- HH – $22,500
- Single – $15,000
- MFS – $15,000
Plus Over 65 or Blind Deduction
for year 2025
- Over 65 or blind MFJ, HH may deduct an additional $1,600.
- Over 65 or blind unmarried, not a surviving spouse taxpayers may deduct an additional $2,000.
Long-term Care Premiums deducted as medical care for year 2025
- Age <41………………….$ 480
- Age >40 but <51……….$ 900
- Age >50 but <61……..$1,800
- Age >60 but <71……..$4,810
- Age >70………………..$6,020
Standard Mileage Rates for year 2025
1/1/2025 – 12/31/2025
- Business …………….. $.70/mi.
- Charitable …………… $.14/mi.
- Medical ………………. $.21/mi.
- Moving ……………….. $.21/mi.
You can also check some of the other sections of this website for a brief history of past tax changes. Contact us at 301-649-1600 or 703-269-3918 to get all the answers you need.
